Study Period | 2017 - 2030 |
Base Year For Estimation | 2024 |
Forecast Data Period | 2025 - 2030 |
Market Size (2025) | USD 42.07 Billion |
Market Size (2030) | USD 51.99 Billion |
CAGR (2025 - 2030) | 4.32 % |
Market Concentration | Low |
Major Players![]() *Disclaimer: Major Players sorted in no particular order |
Canada Road Freight Transport Market Analysis
The Canada Road Freight Transport Market size is estimated at 42.07 billion USD in 2025, and is expected to reach 51.99 billion USD by 2030, growing at a CAGR of 4.32% during the forecast period (2025-2030).
The Canadian transportation industry is experiencing significant transformation driven by robust international trade and infrastructure development. Canada's exports demonstrated strong growth with an 18.51% year-over-year increase in 2022, highlighting the crucial role of road freight in facilitating cross-border commerce. The government's commitment to infrastructure enhancement is evident through substantial investments, including a USD 46.3 million allocation announced in August 2024 for three Prairie provinces projects under the National Trade Corridors Fund. These investments aim to reduce product costs, boost economic growth, and improve connectivity across Canada. The industry's backbone comprises over 1.2 million small and medium-sized businesses, which contribute approximately 54% to the national GDP, underlining the sector's significance in the Canadian economy.
The industry faces significant workforce challenges while simultaneously embracing technological advancements. The sector is grappling with a critical shortage of qualified drivers, with vacancies reaching 20,110 positions in the second quarter of 2022. This shortage is expected to escalate to 48,000 long-haul drivers by 2024, prompting the implementation of various initiatives to attract and retain talent. The average salary for truck drivers ranges between USD 55,000 and USD 65,000, with additional mile-based bonuses offering potential for higher earnings. The aging workforce, with an average age of 47 and one-third of drivers over 55, presents both challenges and opportunities for industry renewal.
The road freight sector is witnessing a remarkable shift toward sustainable transportation solutions and technological innovation. In June 2024, Walmart Canada introduced its first hydrogen fuel cell-powered electric semi-truck in Mississauga, Ontario, marking a significant milestone as the first major retailer in Canada to integrate such technology into its fleet. The Nikola Hydrogen Fuel Cell EV Class 8 tractor, operating with zero tailpipe emissions and a range of approximately 800 kilometers, represents the industry's commitment to environmental sustainability. This aligns with Canada's ambitious goal to convert all fossil-fueled Medium and Heavy-duty Vehicles (MHDVs) to non-emitting alternatives by 2040.
The industry is undergoing substantial modernization through strategic infrastructure investments and technological integration. Transport Canada's March 2024 announcement of a USD 9.96 million investment supporting 112 projects in Ontario's Greater Toronto and Hamilton Areas demonstrates the government's commitment to enhancing transportation infrastructure. The industry is also witnessing innovative partnerships, such as the collaboration between logistics players and autonomous vehicle developers. These advancements are complemented by significant infrastructure projects, including the Ridley Island Export Logistics Project initiated in October 2023, with an investment of USD 540 million to enhance container transloading capabilities, showcasing the industry's focus on improving operational efficiency and capacity.
The trucking sector is a critical component of freight logistics, with commercial trucking playing a pivotal role in the movement of goods across the nation. As Canadian transportation companies continue to innovate and expand, the demand for efficient transportation services remains high, underscoring the importance of truck transportation in the national economy.
Canada Road Freight Transport Market Trends
Canada's transportation sector soars, boosted by infrastructure projects, eased travel policies and urban transit growth
- An efficient and reliable transportation system is crucial for the economy. Through the National Trade Corridors Fund, the Government of Canada invests in improving supply chains, reducing trade barriers, and fostering business growth for future economic opportunities. In May 2024, the Minister of Transport announced up to USD 51.2 million for 19 digital infrastructure projects under this fund. By promoting innovative technologies for stronger supply chains, the government aims to move goods faster and cheaper, making life more affordable for Canadians. This initiative will foster strong collaboration with stakeholders nationwide on key digital projects to better address transportation bottlenecks, vulnerabilities, and congestion at Canada's ports.
- In November 2024, the government announced progress in various projects. They had completed highway infrastructure improvements, enhancing road connections for First Nations communities to the province’s highway network. This included the successful removal and replacement of seven culverts on Highway 584 in 2024 and the completion of work planned on three culverts along Highway 11 in 2025. Looking ahead, an additional 26 culverts were set to be replaced along Highway 584 during the 2025-2026 construction seasons, with pavement rehabilitation of Highway 584 planned for 2027.
Rising tensions in the Middle East are expected to affect crude oil supplies and lead to sudden price hikes
- Gasoline prices rose 0.8% YoY in February 2024. Additionally, gasoline prices rose by 5.6% YoY in May 2024, compared to 6.1% in April, 4.5% in March, and 0.8% in February. North America, strong crude oil production is expected to continue in the coming years. Also, as more Canadian crude oil is expected to reach global markets with the Trans Mountain Pipeline expansion coming online, there will be amply supplied crude oil markets. However, increased risks due to rising tensions in the Middle East are expected to affect crude oil supplies and lead to sudden price hikes.
- Annual maintenance on Canada's oil sands plants in 2024 is expected to cause no more disruption than usual. However, trade union officials warn of a labor shortage during Alberta's 2025 turnaround season due to the start of two new industrial projects. Each year, Alberta producers hire thousands of skilled workers for essential maintenance on oil sands upgraders, thermal projects, and refineries. Canada, the world's fourth-largest oil producer, gets about two-thirds of its 4.9 million barrels per day of crude from the oil sands in northern Alberta. This might raise fuel prices in 2025.
OTHER KEY INDUSTRY TRENDS COVERED IN THE REPORT
- The government introduced Green Manufacturing Initiative worth USD 4 million to boost the economy of Canada
- The online food market is exploding in Canada and about 10% of food sales are expected to occur online by 2025
- Canada ranked 7th in the Logistics Performance Index due to a rise in investment and infrastructure development
- Canada strives towards its ambitious goal of 50% export growth by the year 2026
- Rising tensions in the Middle East are expected to affect crude oil supplies and lead to sudden price hikes
- Walmart Canada introduced a new hydrogen fuel cell-powered electric semi-truck in June 2024
- The National Trade Corridors Fund worth USD 4.6 billion to boost road freight volume in Canada
- Growing demand for all modes of transport in Canada owing to rising Government initiatives
- Employment in retail-wholesale trade sector is expected to grow, supported by increased e-commerce activities and digital sales
- Small- and medium-sized enterprises (SMEs) in Canada account for 93% of the manufacturing industry
- Highway investments initiatives and the national highway development, are significantly impacting road infrastructure in the country
- Canada is considering imposing import tariffs on Chinese-made electric vehicles (EVs)
- Growing operational costs owing to rising fuel costs and driver shortages in the country
- The federal government decided to invest USD 547.5 million in the purchase incentive program of Transport Canada for medium and heavy-duty ZEVs
- Increasing gasoline prices along with growing driver wages impacting road freight pricing across Canada
- Energy and petroleum costs rise on the US East Coast due to the Russia-Ukraine War impacted Canadian pricing
Segment Analysis: End User Industry
Wholesale and Retail Trade Segment in Canada Road Freight Transport Market
The Wholesale and Retail Trade segment dominates the Canadian road freight transport market, accounting for approximately 27% of the total market value in 2024. This segment's prominence is primarily driven by the rapid expansion of e-commerce in Canada, with online retail sales representing 11.5% of total retail sales as of May 2024. The segment's growth is further supported by the presence of 29 million online shoppers, showcasing the increasing consumer preference for digital commerce. Major retailers are actively expanding their presence, as evidenced by Ralph Lauren Corporation's first retail outlet launch in Canada and Aisle 24's expansion of its fully automated, 24/7 cashierless grocery chain across various locations in the country during 2023.

Agriculture, Fishing, and Forestry Segment in Canada Road Freight Transport Market
The Agriculture, Fishing, and Forestry segment is projected to experience significant growth between 2024-2029, driven by Canada's strengthening position as one of the world's top food exporters. The segment's growth is supported by the country's active efforts to strengthen ties in the Indo-Pacific region, with fish and seafood exports reaching a value of USD 2 billion in 2023. The segment's expansion is further bolstered by Agriculture and Agri-Food Canada's (AAFC) projections for 2024-2025, which estimate grain exports at 49.3 million metric tons, representing an increase of 1.3 MMT from the previous period. This growth trajectory is reinforced by government initiatives, including a USD 4 million investment announced in June 2024 to support Canadian agri-food companies in expanding their international market presence.
Remaining Segments in End User Industry
The remaining segments, including Manufacturing, Construction, Oil and Gas/Mining, and Others, each play vital roles in shaping the Canadian road freight transport market. The Manufacturing segment benefits from significant government support through initiatives like the Green Manufacturing Initiative, while the Construction segment is driven by large infrastructure projects and housing development initiatives. The Oil and Gas/Mining segment's demand is influenced by Canada's position as the world's fourth-largest oil producer, while the Others segment encompasses diverse industries including waste management and e-waste transportation. These segments collectively contribute to the market's diversity and stability, with each addressing specific transportation needs across various industrial sectors.
Segment Analysis: Destination
Domestic Segment in Canada Road Freight Transport Market
The domestic segment dominates the Canadian road freight transport market, commanding approximately 64% market share in 2024, valued at around USD 25.8 billion. This dominance is primarily attributed to Canada's vast geographical expanse and extensive road network spanning over a million kilometers, which facilitates efficient domestic freight movement. The segment's strength is further bolstered by the robust e-commerce sector, with the number of online shoppers expected to reach 32.3 million by 2027, driving significant demand for domestic freight services. Additionally, the Canadian government's substantial investment of USD 1.9 billion in the National Trade Corridors Fund has enhanced domestic supply chain fluidity, while initiatives like the Action Plan for Clean On-Road Transportation are promoting sustainable domestic freight operations through the adoption of zero-emission vehicles.
International Segment in Canada Road Freight Transport Market
The international segment is projected to exhibit the strongest growth in the Canadian road freight transport market between 2024 and 2029, with an expected growth rate of approximately 5% annually. This accelerated growth is driven by several key factors, including Canada's strategic position sharing the world's longest international border with the United States, spanning 5,525 miles and featuring 120 land ports of entry. The segment's growth is further supported by robust cross-border trade, with significant movement of high-value commodities such as vehicles/parts (USD 6.1 billion) and electrical machinery (USD 2.5 billion). Recent developments, such as Kuehne+Nagel's acquisition of Farrow in early 2024, demonstrate the increasing focus on strengthening cross-border logistics capabilities, while initiatives like RIZON's introduction of battery-electric Class 4-5 trucks in June 2024 showcase the commitment to sustainable international freight operations.
Segment Analysis: Truckload Specification
Full-Truck-Load (FTL) Segment in Canada Road Freight Transport Market
The Full-Truck-Load (FTL) segment dominates the Canadian road freight transport market, commanding approximately 80% market share in 2024. This significant market position is driven by the segment's crucial role in supporting cross-border trade with the United States, particularly in transporting agricultural exports, manufactured goods, and energy products. The segment's strength is further reinforced by major developments in the electric trucking sector, as evidenced by Ford's recent announcement to shift a portion of its Super Duty truck production to Ontario, Canada, with a planned investment of approximately USD 3 billion. Additionally, the introduction of Walmart Canada's first hydrogen fuel cell-powered electric semi-truck in Mississauga demonstrates the segment's commitment to sustainable transportation solutions. The FTL segment continues to benefit from Canada's extensive road network and strategic trade corridors, facilitating efficient long-haul transportation and supporting the country's position as a major exporter of goods.
Less-than-Truck-Load (LTL) Segment in Canada Road Freight Transport Market
The LTL freight segment is emerging as the fastest-growing segment in the Canadian road freight transport market, with a projected growth rate of approximately 5% between 2024 and 2029. This accelerated growth is primarily driven by the rapid expansion of e-commerce and the increasing demand from small and medium-sized enterprises (SMEs). The segment's growth is supported by technological innovations, as demonstrated by Bolloré Logistics Canada's launch of its first fully electric truck in Montreal for last-mile delivery. Furthermore, Kruger Energy's deployment of electric semi-trailer trucks in Quebec for delivering branded tissue products showcases the segment's commitment to sustainable transportation solutions. The Canadian government's implementation of the Electronic Logging Device (ELD) Mandate and various funding programs, such as the Canada Small Business Financing Program and the Canada Digital Adoption Program, are also contributing to the segment's robust growth by supporting SMEs and enhancing operational efficiency in the LTL freight sector.
Segment Analysis: Containerization
Non-Containerized Segment in Canada Road Freight Transport Market
The non-containerized segment dominates the Canadian road freight transport market, accounting for approximately 86% market share in 2024. This significant market position is driven by the diverse range of goods transported through this segment, including oversized equipment, bulk materials, and various industrial products. The segment's strength is particularly evident in domestic transportation where road remains the preferred mode for non-containerized freight movement. The segment has been experiencing substantial growth due to increased industrial production and construction activities across Canada. In 2024, the implementation of new cross-border trade policies and infrastructure developments has further strengthened this segment's position. The segment's robust performance is also supported by the flexibility it offers in handling different types of cargo, from agricultural products to manufacturing equipment, making it essential for Canada's supply chain operations.
Containerized Segment in Canada Road Freight Transport Market
The containerized segment is projected to grow at approximately 4% CAGR from 2024 to 2029, emerging as the fastest-growing segment in the market. This growth is primarily driven by the increasing adoption of standardized shipping containers for efficient cargo handling and transportation. The segment is witnessing significant technological advancements, with companies implementing advanced tracking systems and automated handling equipment for containerized cargo. The expansion of e-commerce and retail sectors has created a substantial demand for containerized transportation, particularly for imported consumer goods. Canadian ports' modernization initiatives and investments in container handling infrastructure are further propelling this segment's growth. The segment is also benefiting from the increasing focus on intermodal transportation, where containerized cargo can seamlessly transition between different modes of transport, enhancing supply chain efficiency and reducing handling costs.
Segment Analysis: Distance
Long Haul Segment in Canada Road Freight Transport Market
The long haul segment dominates the Canadian road freight transport market, accounting for approximately 73% of the total market value in 2024. This significant market position is primarily driven by the extensive cross-border freight transport between Canada and the United States, facilitated by their shared border spanning 5,525 miles with 120 land ports of entry. The segment's prominence is further reinforced by robust trade activities, with key commodities like vehicles/parts, electrical machinery, and other industrial goods being transported across long distances. The segment is also witnessing notable technological advancements, as exemplified by Loblaw Companies Ltd's recent adoption of hydrogen fuel cell electric vehicles (FCEV) capable of completing zero-emission deliveries over ranges exceeding 700 km. Additionally, the segment is experiencing sustained growth and is projected to maintain its market leadership position through 2029, with an expected growth rate of nearly 5% annually, driven by increasing cross-border trade, technological innovations in long-haul vehicles, and ongoing infrastructure improvements.
Short Haul Segment in Canada Road Freight Transport Market
The short haul segment plays a vital role in Canada's road freight transport market, focusing on regional and local delivery operations. This segment has been at the forefront of technological innovation, particularly in autonomous driving solutions, as demonstrated by the collaboration between Ryder System and Gatik to establish autonomous logistics networks for retail deliveries. The segment's development is strongly supported by government initiatives, including significant investments in road infrastructure and urban transit development through the Investing in Canada Plan. Environmental sustainability is also a key focus area, with companies like Coca-Cola Canada Bottling Limited implementing electric trucks for beverage deliveries in urban regions such as the Greater Montreal Area. The segment benefits from simplified regulatory requirements compared to long-haul operations, as operators only need to comply with Canadian regulations rather than cross-border requirements. Furthermore, the growth of e-commerce and last-mile delivery services has created new opportunities for short-haul operators, particularly in urban areas where quick and efficient delivery services are increasingly in demand.
Segment Analysis: Goods Configuration
Solid Goods Segment in Canada Road Freight Transport Market
The solid goods segment dominates the Canadian road freight transport market, commanding approximately 71% of the total market value in 2024. Road freight stands as the primary choice for transporting solid goods domestically across Canada, supported by an expansive road network spanning over a million kilometers. The country's robust infrastructure, including around 38,000 kilometers of National Highway System (NHS), effectively supports the movement of solid goods across the nation. This segment's strength is particularly evident in its ability to accommodate approximately 20 million light vehicles, 750,000 medium and heavy goods vehicles, and 15,000 public transit buses, facilitating the efficient transportation of solid goods. The trucking companies operating in this segment must adhere to strict regulations, particularly the Transportation of Dangerous Goods Act of 1992, ensuring safe and compliant transportation of solid materials across the country.
Fluid Goods Segment in Canada Road Freight Transport Market
The fluid goods segment is projected to grow at approximately 5% annually between 2024 and 2029, emerging as the fastest-growing segment in the Canadian road freight transport market. This growth is driven by the increasing transportation of various liquid products including oil products, chemical substances, and food products such as milk, juices, and vegetable oils. The segment's expansion is supported by strategic government investments through the National Trade Corridors Fund, which aims to enhance the efficiency of goods movement within Canada's supply chains. Over the course of 11 years (2017-2028), a total budget of USD 4.6 billion has been allocated to support this initiative, benefiting the fluid goods transportation infrastructure. The transportation of dangerous liquid goods is strictly regulated under the Transportation of Dangerous Goods Act of 1992, with companies required to follow specific safety protocols and documentation requirements for different types of fluid cargo.
Segment Analysis: Temperature Control
Non-Temperature Controlled Segment in Canada Road Freight Transport Market
The non-temperature controlled segment dominates the Canadian road freight transport market, accounting for approximately 95% of the total market value in 2024. This segment's prominence is driven by the transportation of a wide variety of goods that don't require temperature regulation, including minerals, general freight, fuel oils, crude petroleum, forest products, and base metals. The segment has particularly benefited from Canada's robust mining and construction sectors, with about 90% of consumer goods and foodstuffs being shipped by truck. Two-thirds of trade with the United States is transported by truck, surpassing the combined volume of rail, sea, and air transportation. The segment's growth has been further supported by the expansion of road infrastructure, with Canada's total road length reaching 1,066,700 kilometers in 2024, facilitating smoother domestic road transportation with reduced lead times. The Canadian government's commitment through the National Trade Corridors Fund, which provided an additional USD 1.9 billion over four years, has significantly enhanced the fluidity of Canada's supply chains, particularly benefiting non-temperature controlled freight transport.
Temperature Controlled Segment in Canada Road Freight Transport Market
The temperature-controlled segment is emerging as the fastest-growing segment in the Canadian road freight transport market, projected to grow at approximately 5% annually from 2024 to 2029. This growth is primarily driven by increasing demand from the pharmaceutical and food & beverage industries, which require precise temperature control during transportation. The pharmaceutical industry's expansion in Canada has been particularly significant, with pharmaceutical exports and imports reaching USD 10.74 billion and USD 20 billion respectively, necessitating specialized temperature-controlled transportation solutions. The food and beverage industry continues to dominate the refrigerated truck market, with Canada's agriculture and food processing industries contributing around 6.8% to GDP annually. The increasing number of quick-service restaurants and retail outlets has fueled food consumption, driving demand for chilled and frozen food transportation. Foods experiencing high demand for temperature-controlled packaging include organic products, dairy, and meat, contributing to the segment's robust growth trajectory. The segment has also benefited from technological advancements in temperature monitoring and control systems, ensuring product integrity throughout the transportation process.
Canada Road Freight Transport Industry Overview
Top Companies in Canada Road Freight Transport Market
The market's leading players are demonstrating a strong focus on technological innovation and sustainability initiatives, particularly in electric vehicle adoption and carbon emission reduction. Companies are actively expanding their operational footprint through strategic acquisitions and partnerships, especially in cross-border services between Canada and the United States. Digital transformation remains a key priority, with major players investing in advanced platforms for freight matching, route optimization, and real-time shipment tracking. The industry is witnessing increased investment in temperature-controlled and specialized transportation capabilities to serve growing e-commerce and pharmaceutical logistics demands. Fleet modernization efforts are being complemented by the integration of autonomous driving technologies and alternative fuel solutions, reflecting a broader industry shift toward environmental sustainability and operational efficiency. Canada's largest trucking companies are at the forefront of these initiatives, setting benchmarks for the industry.
Fragmented Market with Strong Regional Players
The Canadian road freight transport market exhibits a fragmented structure, characterized by a mix of large multinational logistics providers and well-established regional carriers. The competitive landscape is dominated by companies with strong local expertise and extensive networks across Canadian provinces, particularly in key trading corridors with the United States. Market consolidation is primarily driven by larger players acquiring regional specialists to enhance their service offerings and geographic coverage, with a particular focus on cross-border capabilities and specialized transportation services.
The market demonstrates a dynamic environment where both global logistics conglomerates and specialized Canadian operators maintain a significant presence. Major international players leverage their global networks and technological capabilities, while local specialists compete through deep market knowledge and customer relationships. Merger and acquisition activities are concentrated in areas that enhance digital capabilities, expand geographic reach, or add specialized services such as temperature-controlled transportation and last-mile delivery solutions. The industry structure supports both large-scale operators serving major commercial corridors and regional players focusing on specific geographic areas or specialized services. Canadian transportation companies are pivotal in maintaining this balance, offering tailored solutions that cater to regional demands.
Innovation and Sustainability Drive Future Success
Success in the Canadian road freight transport market increasingly depends on companies' ability to embrace technological innovation while maintaining operational efficiency. Market leaders are strengthening their positions through investments in digital platforms, autonomous vehicle technology, and sustainable transportation solutions. Companies seeking to gain market share must focus on developing specialized service offerings, building strong customer relationships, and establishing efficient cross-border operations. The ability to provide integrated logistics solutions, including warehousing and distribution services, has become crucial for maintaining a competitive advantage.
Future growth opportunities lie in developing sustainable transportation solutions and adapting to evolving e-commerce requirements. Companies must navigate regulatory changes, particularly those related to emissions standards and electronic logging devices, while maintaining cost competitiveness. Success factors include the ability to manage driver shortages through innovative recruitment and retention strategies, invest in fleet modernization, and develop strong partnerships across the supply chain. Market participants must also focus on building resilience against potential disruptions while maintaining flexibility to adapt to changing customer needs and regulatory requirements. The increasing focus on environmental sustainability and digital transformation will continue to shape competitive dynamics in the market. Freight logistics and freight forwarding services are becoming integral to achieving these objectives, ensuring seamless operations across the supply chain.
Canada Road Freight Transport Market Leaders
-
C.H. Robinson
-
Day & Ross
-
FedEx
-
Mullen Group Ltd.
-
United Parcel Service of America, Inc. (UPS)
- *Disclaimer: Major Players sorted in no particular order
Canada Road Freight Transport Market News
- December 2024: Mullen Group Ltd. acquired Pacific Northwest Investments Inc. including its subsidiary Pacific Northwest Moving (PNW) Limited. A definitive share purchase agreement was signed, and the acquisition was closed on December 1, 2024. PNW was established over 50 years ago, serving customers in the Yukon Territory and the Province of Alberta. PNW offers multiple less-than-truckload solutions to its customer base including temperature controlled, dry van and deck as well as local last mile delivery services in both Whitehorse and Dawson City. As part of the acquisition of PNW, Mullen Group acquired the owned facilities.
- September 2024: FedEx partnered with and invested in Nimble, an AI robotics and autonomous e-commerce fulfillment technology company, to scale FedEx Fulfillment with their fully autonomous 3PL model. FedEx offered a comprehensive approach to help e-commerce and omnichannel brands make faster, smarter supply chain decisions. With more than 130 warehouse and fulfillment operations in North America and 475 million returns processed annually, FedEx Supply Chain helped brands consolidate functions, increase agility, and accelerate click-to-door speed to maximize supply chain value.
- August 2024: FedEx introduced new digital visibility products, enhancing the experience for shippers and recipients by merging digital solutions with essential data. These paid solutions catered to the rising market demand for advanced data analytics. Businesses harnessed near real-time insights and predictive analytics, refining their customers' post-purchase experience. FedEx also offered paid data integration solutions, granting third-party providers access to shipment tracking information, including the Track API, Track EDI, and new webhook subscriptions, all designed to enhance premium post-purchase tracking and supply chain visibility.
Free With This Report
We provide a complimentary and exhaustive set of data points on global and regional metrics that present the fundamental structure of the industry. Presented in the form of 60+ free charts, the section covers difficult to find data on various regions pertaining to e-commerce industry trends, economic contribution of the transportation & storage sector, export and import trends among other key indicators.
Canada Road Freight Transport Market Report - Table of Contents
1. EXECUTIVE SUMMARY & KEY FINDINGS
2. REPORT OFFERS
3. INTRODUCTION
- 3.1 Study Assumptions & Market Definition
- 3.2 Scope of the Study
- 3.3 Research Methodology
4. KEY INDUSTRY TRENDS
- 4.1 GDP Distribution By Economic Activity
- 4.2 GDP Growth By Economic Activity
-
4.3 Economic Performance And Profile
- 4.3.1 Trends in E-Commerce Industry
- 4.3.2 Trends in Manufacturing Industry
- 4.4 Transport And Storage Sector GDP
- 4.5 Logistics Performance
- 4.6 Length Of Roads
- 4.7 Export Trends
- 4.8 Import Trends
- 4.9 Fuel Pricing Trends
- 4.10 Trucking Operational Costs
- 4.11 Trucking Fleet Size By Type
- 4.12 Major Truck Suppliers
- 4.13 Road Freight Tonnage Trends
- 4.14 Road Freight Pricing Trends
- 4.15 Modal Share
- 4.16 Inflation
- 4.17 Regulatory Framework
- 4.18 Value Chain & Distribution Channel Analysis
5. MARKET SEGMENTATION (includes market size in Value in USD, Forecasts up to 2030 and analysis of growth prospects)
-
5.1 End User Industry
- 5.1.1 Agriculture, Fishing, and Forestry
- 5.1.2 Construction
- 5.1.3 Manufacturing
- 5.1.4 Oil and Gas, Mining and Quarrying
- 5.1.5 Wholesale and Retail Trade
- 5.1.6 Others
-
5.2 Destination
- 5.2.1 Domestic
- 5.2.2 International
-
5.3 Truckload Specification
- 5.3.1 Full-Truck-Load (FTL)
- 5.3.2 Less than-Truck-Load (LTL)
-
5.4 Containerization
- 5.4.1 Containerized
- 5.4.2 Non-Containerized
-
5.5 Distance
- 5.5.1 Long Haul
- 5.5.2 Short Haul
-
5.6 Goods Configuration
- 5.6.1 Fluid Goods
- 5.6.2 Solid Goods
-
5.7 Temperature Control
- 5.7.1 Non-Temperature Controlled
- 5.7.2 Temperature Controlled
6. COMPETITIVE LANDSCAPE
- 6.1 Key Strategic Moves
- 6.2 Market Share Analysis
- 6.3 Company Landscape
-
6.4 Company Profiles
- 6.4.1 C.H. Robinson
- 6.4.2 Day & Ross
- 6.4.3 DHL Group
- 6.4.4 FedEx
- 6.4.5 J.B. Hunt Transport, Inc.
- 6.4.6 Mullen Group Ltd.
- 6.4.7 Ryder System, Inc.
- 6.4.8 United Parcel Service of America, Inc. (UPS)
- 6.4.9 XPO, Inc.
- *List Not Exhaustive
7. KEY STRATEGIC QUESTIONS FOR ROAD FREIGHT CEOS
8. APPENDIX
-
8.1 Global Logistics Market Overview
- 8.1.1 Overview
- 8.1.2 Porter’s Five Forces Framework
- 8.1.3 Global Value Chain Analysis
- 8.1.4 Market Dynamics (Market Drivers, Restraints & Opportunities)
- 8.2 Sources & References
- 8.3 List of Tables & Figures
- 8.4 Primary Insights
- 8.5 Data Pack
- 8.6 Glossary of Terms
- 8.7 Currency Exchange Rate
List of Tables & Figures
- Figure 1:
- DISTRIBUTION OF GROSS DOMESTIC PRODUCT (GDP) BY ECONOMIC ACTIVITY, SHARE %, CANADA, 2022
- Figure 2:
- GROWTH OF GROSS DOMESTIC PRODUCT (GDP) BY ECONOMIC ACTIVITY, CAGR %, CANADA, 2016-2021
- Figure 3:
- GROSS MERCHANDISE VALUE (GMV) OF E-COMMERCE INDUSTRY, USD, CANADA, 2017 - 2030
- Figure 4:
- SECTORAL SHARE IN E-COMMERCE INDUSTRY GROSS MERCHANDISE VALUE (GMV), SHARE %, CANADA, 2022
- Figure 5:
- GROSS VALUE ADDED (GVA) OF MANUFACTURING INDUSTRY (IN CURRENT PRICES), USD, CANADA, 2017 - 2023
- Figure 6:
- SECTORAL SHARE IN GROSS VALUE ADDED (GVA) OF MANUFACTURING INDUSTRY, SHARE %, CANADA, 2022
- Figure 7:
- VALUE OF TRANSPORT AND STORAGE SECTOR GROSS DOMESTIC PRODUCT (GDP), USD, CANADA, 2017 - 2023
- Figure 8:
- TRANSPORT AND STORAGE SECTOR GROSS DOMESTIC PRODUCT (GDP), SHARE % OF GDP, CANADA, 2017 - 2023
- Figure 9:
- RANK OF LOGISTICS PERFORMANCE, RANK, CANADA, 2010 - 2023
- Figure 10:
- SHARE OF ROAD LENGTH BY SURFACE CATEGORY, %, CANADA, 2022
- Figure 11:
- SHARE OF ROAD LENGTH BY SURFACE CLASSIFICATION, %, CANADA, 2022
- Figure 12:
- VALUE OF EXPORTS, USD, CANADA, 2017 - 2023
- Figure 13:
- VALUE OF IMPORTS, USD, CANADA, 2017 - 2023
- Figure 14:
- FUEL PRICE BY TYPE OF FUEL, USD/LITER, CANADA, 2017 - 2023
- Figure 15:
- OPERATIONAL COSTS OF TRUCKING - BREAKDOWN BY OPERATING COST ELEMENT, %, CANADA, 2023
- Figure 16:
- TRUCKING FLEET SIZE BY TYPE, SHARE %, CANADA, 2022
- Figure 17:
- MARKET SHARE OF MAJOR TRUCK SUPPLIER BRANDS, SHARE %, CANADA, 2023
- Figure 18:
- FREIGHT HANDLED BY ROAD TRANSPORT, TONS, CANADA, 2017 - 2030
- Figure 19:
- PRICE TREND OF ROAD FREIGHT TRANSPORT SERVICE, USD/TON-KM, CANADA, 2017 - 2022
- Figure 20:
- MODAL SHARE OF FREIGHT TRANSPORTATION SECTOR, SHARE % BY TON-KM, CANADA, 2022
- Figure 21:
- MODAL SHARE OF FREIGHT TRANSPORT SECTOR, SHARE % BY TONS, CANADA, 2022
- Figure 22:
- WHOLESALE PRICE INFLATION RATE, %, CANADA, 2017 - 2023
- Figure 23:
- CONSUMER PRICE INFLATION RATE, %, CANADA, 2017 - 2023
- Figure 24:
- VOLUME OF ROAD FREIGHT TRANSPORT MARKET, TON-KM, CANADA, 2017 - 2030
- Figure 25:
- VALUE OF ROAD FREIGHT TRANSPORT MARKET, USD, CANADA, 2017 - 2030
- Figure 26:
- VOLUME OF ROAD FREIGHT TRANSPORT MARKET BY END USER INDUSTRY, TON-KM, CANADA, 2017 - 2030
- Figure 27:
- VALUE OF ROAD FREIGHT TRANSPORT MARKET BY END USER INDUSTRY, USD, CANADA, 2017 - 2030
- Figure 28:
- VALUE SHARE OF ROAD FREIGHT TRANSPORT MARKET BY END USER INDUSTRY, %, CANADA, 2017 - 2030
- Figure 29:
- VOLUME OF AFF INDUSTRY (AGRICULTURE, FISHING, AND FORESTRY) ROAD FREIGHT TRANSPORT MARKET, TON-KM, CANADA, 2017 - 2030
- Figure 30:
- VALUE OF AFF INDUSTRY (AGRICULTURE, FISHING, AND FORESTRY) ROAD FREIGHT TRANSPORT MARKET, USD, CANADA, 2017 - 2030
- Figure 31:
- VALUE SHARE OF AFF INDUSTRY (AGRICULTURE, FISHING, AND FORESTRY) ROAD FREIGHT TRANSPORT MARKET BY DESTINATION, %, CANADA, 2024 VS 2030
- Figure 32:
- VOLUME OF CONSTRUCTION INDUSTRY ROAD FREIGHT TRANSPORT MARKET, TON-KM, CANADA, 2017 - 2030
- Figure 33:
- VALUE OF CONSTRUCTION INDUSTRY ROAD FREIGHT TRANSPORT MARKET, USD, CANADA, 2017 - 2030
- Figure 34:
- VALUE SHARE OF CONSTRUCTION INDUSTRY ROAD FREIGHT TRANSPORT MARKET BY DESTINATION, %, CANADA, 2024 VS 2030
- Figure 35:
- VOLUME OF MANUFACTURING INDUSTRY ROAD FREIGHT TRANSPORT MARKET, TON-KM, CANADA, 2017 - 2030
- Figure 36:
- VALUE OF MANUFACTURING INDUSTRY ROAD FREIGHT TRANSPORT MARKET, USD, CANADA, 2017 - 2030
- Figure 37:
- VALUE SHARE OF MANUFACTURING INDUSTRY ROAD FREIGHT TRANSPORT MARKET BY DESTINATION, %, CANADA, 2024 VS 2030
- Figure 38:
- VOLUME OF EXTRACTION INDUSTRY (OIL AND GAS, MINING AND QUARRYING) ROAD FREIGHT TRANSPORT MARKET, TON-KM, CANADA, 2017 - 2030
- Figure 39:
- VALUE OF EXTRACTION INDUSTRY (OIL AND GAS, MINING AND QUARRYING) ROAD FREIGHT TRANSPORT MARKET, USD, CANADA, 2017 - 2030
- Figure 40:
- VALUE SHARE OF EXTRACTION INDUSTRY ROAD FREIGHT TRANSPORT MARKET BY DESTINATION, %, CANADA, 2024 VS 2030
- Figure 41:
- VOLUME OF DISTRIBUTIVE TRADE INDUSTRY (WHOLESALE AND RETAIL TRADE) ROAD FREIGHT TRANSPORT MARKET, TON-KM, CANADA, 2017 - 2030
- Figure 42:
- VALUE OF DISTRIBUTIVE TRADE INDUSTRY (WHOLESALE AND RETAIL TRADE) ROAD FREIGHT TRANSPORT MARKET, USD, CANADA, 2017 - 2030
- Figure 43:
- VALUE SHARE OF WHOLESALE AND RETAIL TRADE INDUSTRY ROAD FREIGHT TRANSPORT MARKET BY DESTINATION, %, CANADA, 2024 VS 2030
- Figure 44:
- VOLUME OF OTHER END USER INDUSTRIES ROAD FREIGHT TRANSPORT MARKET, TON-KM, CANADA, 2017 - 2030
- Figure 45:
- VALUE OF OTHER END USER INDUSTRIES ROAD FREIGHT TRANSPORT MARKET, USD, CANADA, 2017 - 2030
- Figure 46:
- VALUE SHARE OF OTHER END USER INDUSTRIES ROAD FREIGHT TRANSPORT MARKET BY DESTINATION, %, CANADA, 2024 VS 2030
- Figure 47:
- VOLUME OF ROAD FREIGHT TRANSPORT MARKET BY DESTINATION, TON-KM, CANADA, 2017 - 2030
- Figure 48:
- VALUE OF ROAD FREIGHT TRANSPORT MARKET BY DESTINATION, USD, CANADA, 2017 - 2030
- Figure 49:
- VALUE SHARE OF ROAD FREIGHT TRANSPORT MARKET BY DESTINATION, %, CANADA, 2017 - 2030
- Figure 50:
- VOLUME OF DOMESTIC ROAD FREIGHT TRANSPORT MARKET, TON-KM, CANADA, 2017 - 2030
- Figure 51:
- VALUE OF DOMESTIC ROAD FREIGHT TRANSPORT MARKET, USD, CANADA, 2017 - 2030
- Figure 52:
- VALUE SHARE OF DOMESTIC ROAD FREIGHT TRANSPORT MARKET BY END USER INDUSTRY, %, CANADA, 2024 VS 2030
- Figure 53:
- VOLUME OF INTERNATIONAL ROAD FREIGHT TRANSPORT MARKET, TON-KM, CANADA, 2017 - 2030
- Figure 54:
- VALUE OF INTERNATIONAL ROAD FREIGHT TRANSPORT MARKET, USD, CANADA, 2017 - 2030
- Figure 55:
- VALUE SHARE OF INTERNATIONAL ROAD FREIGHT TRANSPORT MARKET BY END USER INDUSTRY, %, CANADA, 2024 VS 2030
- Figure 56:
- VALUE OF ROAD FREIGHT TRANSPORT MARKET BY TRUCKLOAD SPECIFICATION, USD, CANADA, 2017 - 2030
- Figure 57:
- VALUE SHARE OF ROAD FREIGHT TRANSPORT MARKET BY TRUCKLOAD SPECIFICATION, %, CANADA, 2017 - 2030
- Figure 58:
- VALUE OF FULL-TRUCK-LOAD (FTL) ROAD FREIGHT TRANSPORT MARKET, USD, CANADA, 2017 - 2030
- Figure 59:
- CAGR OF FULL-TRUCK-LOAD (FTL) ROAD FREIGHT TRANSPORT MARKET, %, CANADA, 2017 - 2030
- Figure 60:
- VALUE OF LESS THAN-TRUCK-LOAD (LTL) ROAD FREIGHT TRANSPORT MARKET, USD, CANADA, 2017 - 2030
- Figure 61:
- CAGR OF LESS THAN-TRUCK-LOAD (LTL) ROAD FREIGHT TRANSPORT MARKET, %, CANADA, 2017 - 2030
- Figure 62:
- VALUE OF ROAD FREIGHT TRANSPORT MARKET BY CONTAINERIZATION, USD, CANADA, 2017 - 2030
- Figure 63:
- VALUE SHARE OF ROAD FREIGHT TRANSPORT MARKET BY CONTAINERIZATION, %, CANADA, 2017 - 2030
- Figure 64:
- VALUE OF CONTAINERIZED ROAD FREIGHT TRANSPORT MARKET, USD, CANADA, 2017 - 2030
- Figure 65:
- CAGR OF CONTAINERIZED ROAD FREIGHT TRANSPORT MARKET, %, CANADA, 2017 - 2030
- Figure 66:
- VALUE OF NON-CONTAINERIZED ROAD FREIGHT TRANSPORT MARKET, USD, CANADA, 2017 - 2030
- Figure 67:
- CAGR OF NON-CONTAINERIZED ROAD FREIGHT TRANSPORT MARKET, %, CANADA, 2017 - 2030
- Figure 68:
- VALUE OF ROAD FREIGHT TRANSPORT MARKET BY DISTANCE, USD, CANADA, 2017 - 2030
- Figure 69:
- VALUE SHARE OF ROAD FREIGHT TRANSPORT MARKET BY DISTANCE, %, CANADA, 2017 - 2030
- Figure 70:
- VALUE OF LONG HAUL ROAD FREIGHT TRANSPORT MARKET, USD, CANADA, 2017 - 2030
- Figure 71:
- CAGR OF LONG HAUL ROAD FREIGHT TRANSPORT MARKET, %, CANADA, 2017 - 2030
- Figure 72:
- VALUE OF SHORT HAUL ROAD FREIGHT TRANSPORT MARKET, USD, CANADA, 2017 - 2030
- Figure 73:
- CAGR OF SHORT HAUL ROAD FREIGHT TRANSPORT MARKET, %, CANADA, 2017 - 2030
- Figure 74:
- VALUE OF ROAD FREIGHT TRANSPORT MARKET BY GOODS CONFIGURATION, USD, CANADA, 2017 - 2030
- Figure 75:
- VALUE SHARE OF ROAD FREIGHT TRANSPORT MARKET BY GOODS CONFIGURATION, %, CANADA, 2017 - 2030
- Figure 76:
- VALUE OF FLUID GOODS ROAD FREIGHT TRANSPORT MARKET, USD, CANADA, 2017 - 2030
- Figure 77:
- CAGR OF FLUID GOODS ROAD FREIGHT TRANSPORT MARKET, %, CANADA, 2017 - 2030
- Figure 78:
- VALUE OF SOLID GOODS ROAD FREIGHT TRANSPORT MARKET, USD, CANADA, 2017 - 2030
- Figure 79:
- CAGR OF SOLID GOODS ROAD FREIGHT TRANSPORT MARKET, %, CANADA, 2017 - 2030
- Figure 80:
- VALUE OF ROAD FREIGHT TRANSPORT MARKET BY TEMPERATURE CONTROL, USD, CANADA, 2017 - 2030
- Figure 81:
- VALUE SHARE OF ROAD FREIGHT TRANSPORT MARKET BY TEMPERATURE CONTROL, %, CANADA, 2017 - 2030
- Figure 82:
- VALUE OF NON-TEMPERATURE CONTROLLED ROAD FREIGHT TRANSPORT MARKET, USD, CANADA, 2017 - 2030
- Figure 83:
- CAGR OF NON-TEMPERATURE CONTROLLED ROAD FREIGHT TRANSPORT MARKET, %, CANADA, 2017 - 2030
- Figure 84:
- VALUE OF TEMPERATURE CONTROLLED ROAD FREIGHT TRANSPORT MARKET, USD, CANADA, 2017 - 2030
- Figure 85:
- CAGR OF TEMPERATURE CONTROLLED ROAD FREIGHT TRANSPORT MARKET, %, CANADA, 2017 - 2030
- Figure 86:
- MOST ACTIVE COMPANIES BY NUMBER OF STRATEGIC MOVES, COUNT, CANADA, 2017 - 2023
- Figure 87:
- MOST ADOPTED STRATEGIES, COUNT, CANADA, 2017 - 2023
- Figure 88:
- VALUE SHARE OF MAJOR PLAYERS, %, CANADA
Canada Road Freight Transport Industry Segmentation
Agriculture, Fishing, and Forestry, Construction, Manufacturing, Oil and Gas, Mining and Quarrying, Wholesale and Retail Trade, Others are covered as segments by End User Industry. Domestic, International are covered as segments by Destination. Full-Truck-Load (FTL), Less than-Truck-Load (LTL) are covered as segments by Truckload Specification. Containerized, Non-Containerized are covered as segments by Containerization. Long Haul, Short Haul are covered as segments by Distance. Fluid Goods, Solid Goods are covered as segments by Goods Configuration. Non-Temperature Controlled, Temperature Controlled are covered as segments by Temperature Control.End User Industry | Agriculture, Fishing, and Forestry |
Construction | |
Manufacturing | |
Oil and Gas, Mining and Quarrying | |
Wholesale and Retail Trade | |
Others | |
Destination | Domestic |
International | |
Truckload Specification | Full-Truck-Load (FTL) |
Less than-Truck-Load (LTL) | |
Containerization | Containerized |
Non-Containerized | |
Distance | Long Haul |
Short Haul | |
Goods Configuration | Fluid Goods |
Solid Goods | |
Temperature Control | Non-Temperature Controlled |
Temperature Controlled |
Market Definition
- Agriculture, Fishing, and Forestry (AFF) - This end user industry segment captures the external (outsourced) logistics expenditure incurred by the AFF industry players on road freight transport service. The end user players considered are the establishments primarily engaged in growing crops, raising animals, harvesting timber, harvesting fish & other animals from their natural habitats and providing related support activities. Herein, across the value chain, Logistics Service Providers (LSPs) play a crucial role in acquisition, storage, handling, transportation, and distribution activities for the optimal & continuous flow of inputs (seeds, pesticides, fertilizers, equipment, and water) from manufacturers or suppliers to the producers and smooth flow of output (produce, agro-goods) to distributors/ consumers. This includes both termperature controlled and non-temperature controlled logistics, as and when required according to the shelf life of goods being transported or stored.
- Construction - This end user industry segment captures the external (outsourced) logistics expenditure incurred by the construction industry players, on road freight transport service. The end user players considered are the establishments primarily engaged in constructing, repairing and renovating residential & commercial buildings, infrastructure, engineering works, subdividing and developing land. Logistics Service Providers (LSPs) play a crucial role in increasing profitability of construction projects by maintaing the inventory of raw materials & equipment, time-critical supplies and by providing other value added services for effective project management.
- Containerized Road Freight Transport - The segment captures the external (outsourced) logistics expenditure incurred by the road freight transport service end users on Full-Truck-Load (FTL) services. FTL road freight transport is characterized as a full single load not combined with other shipments. It comprises of shipments (i) devoted to the goods of a single shipper (ii) taken directly from a point of origin to one or more destination points (iii) comprising of bulk mail truck transportation (iv) comprising of both Container (Full Container Load, FCL)/Non-Container trucking services (v)comprsing of goods requiring temperature controlled or non-temperature controlled transportation services (vi) comprising of bulk liquid tankering (vii) invoving trucking of waste (viii) hazardous material trucking. Related value added services (VAS) of sorting, consolidation, deconslidation are included in the other services segment of freight and logistics market.
- Export Trends and Import Trends - Overall logistics performance of an economy is positively and significantly (statistically) correlated to its trade performance (exports and imports). Hence, in this industry trend, total value of trade, major commodities/ commodity groups and the major trade partners, for the studied geography (country or region as per the scope of report) have been analysed alongside the impact of major trade/logistics infrastructure investments & regulatory environment.
- Fluid Goods - The segment captures the external (outsourced) logistics expenditure incurred by the road freight transport service end users for the transport of bulk liquids, that are often used in extraction, manufacturing, food processing, agriculture industries among others. It includes transportation of liquids like (i) Chemicals/ hazardous goods (for instance acids) (ii) Water (potable as well as waste) (iii) Oil and gas (upstream as well as downstream like gasoline, fuel, crude oil, or propane), (iv) Food grade bulk liquids (like milk, or juice), (v) Rubber, (vi) Agrichemical products, among others. These goods are generally transported through tanker trucking.
- Fuel Price - Fuel price spikes can cause delays and diruption for logistics service providers (LSPs), while drops in the same can result in higher short-term profitability and increased market rivalry to offer consumers with the best deals. Hence, the fuel price variations have been studied over the review period and presented along with the causes as well as market impacts.
- Full-Truck-Load (FTL) Road Freight Transport - The segment captures the external (outsourced) logistics expenditure incurred by the road freight transport service end users on Full-Truck-Load (FTL) services. FTL road freight transport is characterized as a full single load not combined with other shipments. It comprises of shipments (i) devoted to the goods of a single shipper (ii) taken directly from a point of origin to one or more destination points (iii) comprising of bulk mail truck transportation (iv) comprising of both Container (Full Container Load, FCL)/Non-Container trucking services (v)comprsing of goods requiring temperature controlled or non-temperature controlled transportation services (vi) comprising of bulk liquid tankering (vii) invoving trucking of waste (viii) hazardous material trucking. Related value added services (VAS) of sorting, consolidation, deconslidation are included in the other services segment of freight and logistics market.
- GDP Distribution by Economic Activity - Nominal Gross Domestic Product and distribution of the same, across major economic sectors in the geography studied (country or region as per scope of the report) have been studied and presented in this industry trend. As GDP is positively related to the profitability and growth of logistics industry, this data has been used in adjunction to the input-output tables/ supply-use tables for analyzing the potential major contributing sectors towards the logistics demand.
- GDP Growth by Economic Activity - Growth of Nominal Gross Domestic Product across major economic sectors, for the geography studied (country or region as per scope of the report) have been presented in this industry trend. This data has been utilized for assessing the growth of logistics demand from all the market end users (economic sectors considered here).
- Inflation - Variations in both Wholesale Price Inflation (YoY change in producer price index) and Consumer Price Inflation have been presented in this industry trend. This data has been used to assess the inflationary environment as it plays a vital role in smooth functioning of the supply chain, directly impacting the logistics operational cost components e.g., pricing of tyres, driver wages & benefits, energy/fuel prices, maintenace costs, toll charges, warehousing rents, custom brokerage, forwarding rates, courier rates etc. hence impacting the overall freight and logistics market.
- Key Industry Trends - The report section named "Key Industry Trends" include all the key variables/parameters studied to better analyze the market size estimates and forecasts. All the trends have been presented in the form of data points (time series or latest available data points) along with analysis of the paramter in the form of concise market relevant commentary, for the geography studied (country or region as per the scope of report).
- Key Strategic Moves - The action taken by a company to differentiate from its competitor or used as a general strategy is referred to as a key strategic move (KSM). This includes (1) Agreements (2) Expansions (3) Financial Restructuring (4) Mergers and Acquisitions (5) Partnerships, and (6) Product Innovations. Key players (Logistics Service Providers, LSPs) in the market have been shortlisted, their KSM have been studied and presented in this section.
- Less than-Truck-Load (LTL) Road Freight Transport - The segment captures the external (outsourced) logistics expenditure incurred by the road freight transport service end users on Less than-Truck-Load (LTL) services. LTL road freight transport is characterized as multiple shipments combined onto a single truck for multiple deliveries within a network. It comprises of establishments (i) primarily engaged in general and specialized freight trucking of less than complete truck-loads, (ii) characterized by the use of terminals to consolidate shipments, generally from several shippers, into a single truck for haulage between a load assembly terminal and a disassembly terminal, where the load is sorted and shipments are re-routed for delivery (iv) Less than-Container-Load (LCL) shipping/ Groupage Shipping in case of trucking services. The activities in scope include (i) local pick-up, (ii) line-haul, and (iii) local delivery. Related value added services (VAS) of sorting, consolidation, deconslidation are included in the other services segment of freight and logistics market.
- Logistics Performance - Logistics Performance and Logistics Costs are the backbone of trade, and influences trade costs, making countries compete globally. Logistics performance is influenced by market wide adopted supply chain management strategies, government services, investments & policies, fuel/ energy costs, inflationary environment etc. Hence, in this industry trend, the logistics performance of the geography studied (country/ region as per the scope of report) has been analysed and presented over the review period.
- Major Truck Suppliers - Market share of truck brands is influenced by factors like geographical preferences, portfolio of truck types, truck prices, local production, truck repair & maintenance service peneteration, customer support, technological innovations (like electric vehicles, digitalization, autonomous trucks), fuel efficiency, financing options, annual maintenance costs, availability of substitutes, marketing startegies etc. Hence, the distribution (share % for base year of the study) of truck sales volume for leading truck brands and commentary on current market scenario & market anticipation over the forecast period have been presented in this industry trend.
- Manufacturing - This end user industry segment captures the external (outsourced) logistics expenditure incurred by the Manufacturing industry players, on road freight transport service. The end user players considered are the establishments primarily engaged in the chemical, mechanical or physical transformation of materials or substances into new products. Logistics Service Providers (LSPs) play a crucial role in maintaining a smooth flow of raw materials across the supply chain, enabling timely delivery of finished goods to distributors or end customers and storing & supplying the raw materials to clients for just-in-time manufacturing.
- Modal Share - Freight Modal Share is influenced by factors like modal productivity, government regulations, containerization, distance of shipment, temperature control requirements, type of goods, international trade, terrain, speed of delivery, shipment weight, bulk shipments, etc. Also, modal share by tonnage (tons) and modal share by freight turnover (ton-km) differ as per average distance of shipments, weight of major commodity groups transported in the economy and number of trips. This industry trend represents the distribution of freight transported by mode of transport (tons as well as ton-km), for the study base year.
- Oil and Gas, Mining and Quarrying - This end user industry segment captures the external (outsourced) logistics expenditure incurred by the extraction industry players, on road freight transport service. The end user players considered are the establishments that extract naturally occurring mineral solids, such as coal and ores; liquid minerals, such as crude petroleum; and gases, such as natural gas. Logistics Service Providers (LSPs) covers entire phases from upstream to downstream and plays a crucial role in the transportation of machinery, drilling equipments, extracted minerals, crude oil & natural gas and refined/ processed products from one place to another.
- Other End Users - Other end user segment captures the external (outsourced) logistics expenditure incurred by the financial services (BFSI), real estate, educational services, healthcare, and professional services (administrative, waste management, legal, architectural, engineering, design, consulting, scientific R&D), on road freight transport service. Logistics Service Providers (LSPs) plays a crucial role in the reliable movement of supplies and documents to/from these industries such as transporting any equipment or resources required, shipping confidential documents and files, movement of medical goods & supplies (surgical supplies and instruments, including gloves, masks, syringes, equipment) to name a few.
- Producer Price Inflation - It indicates inflation from viewpoint of the producers viz. the average selling price received for their output over a period of time. Annual change (YoY) of producer price index is reported as wholesale price inflation in the "Inflation" industry trend. As WPI captures dynamic price movements in most comprehensive way, it is widely used by governments, banks, industry, business circles and is deemed important in formulation of trade, fiscal and other economic policies. The data has been used in adjunction to consumer price inflation for better understanding the inflationary environment.
- Road Freight Pricing Trends - Freight pricing by mode of transport (USD/tonkm), over the review period, has been presented in this industry trend. The data has been used in assessing the inflationary environment, impact on trade, freight turnover (tonkm), road freight transport market demand and hence the road freight transport market size.
- Road Freight Tonnage Trends - Freight tonnage (weight of goods in tons) handled by mode of transport, over the review period, has been presented in this industry trend. The data has been used as one of the parameters apart from average distance per shipment (km), freight volume (tonkm), and freight pricing (USD/tonkm) to assess the freight transport market size.
- Road Freight Transport - Hiring a road freight transport logistics service provider (LSP) or haulier (outsourced logistics), for the transport of commodities constitutes road freight transport market. The scope of study includes (i) road transport of goods reported by hauliers registered in the reporting countries (ii) transport of raw materials or manufactured goods (solids as well as fluids) (iii) transport using commerical motor vehicles (rigid trucks or tractor-trailers, (iv) Full-Truck-Load (FTL) or Less than-Truck-Load (LTL) transport (v) containerized or non-containerized transport (vi) temperature controlled or non-temperature controlled trasnport, (vii) short haul or long haul (Over-the-road, OTR) transport, (viii) used office or household goods transport (movers and packers), (ix) other specialized cargo transport (dangerous goods, oversized cargo) and (x) outsourced first mile/ middle mile/last mile delivery shipments undertaken by road freight transport players. The scope does not include (i) transport undertaken by hauliers registered in other countries (ii) last mile meal delivery market (iii) grocery delivery market (iv) transportation via road network undertaken/ reported by Courier, Express, and Parcel (CEP) players.
- Road Length - As infrastructure plays a vital role in an economy's logistics performance, variables like length of roads, distribution of road length by surface category (paved v/s unpaved), distribution of road length by road classification (expressways v/s highways v/s other roads), have been analysed and presented in this industry trend.
- Segmental Revenue - Segmental Revenue has been triangulated or computed and presented for all the major players in the market. It refers to the road freight transport market specific revenue earned by the company, over the base year of study, in the geography studied (country or region as per the scope of report). It is computed through the study and analysis of major parameters like financials, service portfolio, employee strength, fleet size, investments, number of countries present in, major economies of concern, etc. that have been reported by the company in its annual reports, webpage. For companies having scarce financial disclosures, paid databases like D&B Hoovers, Dow Jones Factiva have been resorted to and verified through industry/expert interactions.
- Short Haul Road Freight Transport - The segment captures the external (outsourced) logistics expenditure incurred by the road freight transport service end users on local trucking (less than 100 miles). It includes the road transport of goods (i) within a single administrative area and its hinterland, (ii) by smaller trucks and pickup trucks (iii) via containerized as well as dry bulk services (iv) intermodal from ports, container terminals or airports, and (v) outsourced first mile/ last mile delivery shipments undertaken by road freight transport players.
- Transport and Storage Sector GDP - Value and growth of Transport and Storage Sector GDP has a direct relation to the freight and logistics market size, and hence road freight transport market size. Therefore, this variable has been studied and presented over the review period, in value terms (USD) and as share % of total GDP, in this industry trend. The data has been supported by concise and relevant commentary around the investments, developments, and current market scenario.
- Trends in E-Commerce Industry - Enhanced internet connectivity and boom in smartphone penetration, coupled with increasing disposable incomes, has led to a phenomenal growth in the e-commerce market globally. Online shoppers require fast and efficient delivery of their orders leading to an increase in the demand for logistics services especially e-commerce fulfilment services. Hence, the Gross Merchandise Value (GMV), historial and projected growth, breakup of major commodity groups in e-commerce industry for the studied geography (country or region as per scope of the report) have been analysed and presented in this industry trend.
- Trends in Manufacturing Industry - Manufacturing industry involves the transformation of raw materials into finished products, while logistics industry ensures the efficient flow of raw materials to the factory, and the transport of manufactured products to the distributors & consumers. Demand-Supply of both industries are highly cross-linked and critical for a seamless supply chain. Hence, the Gross Value Added (GVA), breakup of GVA into major manufacturing sectors, and growth of manufacturing industry over the review period have been analysed and presented, in this industry trend.
- Trucking Fleet Size By Type - Market share of truck types is influenced by factors like geographical preferences, major end user industries, truck prices, local production, truck repair & maintenance service peneteration, customer support, technological disruptions (like electric vehicles, digitalization, autonomous trucks) etc. Hence, the distribution (share % for base year of study) of truck parc volume by type of truck, market disruptors, truck manufacturing investments, truck specifications, truck use & import regulations, and market anticipation over the forecast period have been presented in this industry trend.
- Trucking Operational Costs - The prime reasons for measuring/ benchmarking logistics performance of any trucking company are to reduce operational costs and increase profitability. On the other hand, measuring operational costs helps to identify whether and where to make operational changes to control expenses and identify areas for improved performance. Hence, in this industry trend, trucking operational costs and the variables involved viz. driver wages & benefits, fuel prices, repairs & maintenance costs, tyre costs etc. have been studied over the base year of study, and presented for the geography studied (country or region as per the scope of report).
- Wholesale and Retail Trade - This end user industry segment captures the external (outsourced) logistics expenditure incurred by the wholesalers and retailers, on road freight transport service. The end user players considered are the establishments primarily engaged in wholesaling or retailing merchandise, generally without transformation, and rendering services incidental to the sale of merchandise. Logistics Service Providers (LSPs) plays a crucial role in the reliable movement of supplies to and finished products from production houses to the distributors and finally to the end customer covering activites like material sourcing, transportation, order fulfillment, warehousing & storage, demand forecasting, inventory management etc.
Keyword | Definition |
---|---|
Cabotage | Road transport by a motor vehicle registered in a country performed on the national territory of another country. |
Cross Docking | Cross docking is a logistics procedure where products from a supplier or manufacturing plant are distributed directly to a customer or retail chain with marginal to no handling or storage time. Cross docking takes place in a distribution docking terminal; usually consisting of trucks and dock doors on two (inbound and outbound) sides with minimal storage space. The name ‘cross docking’ explains the process of receiving products through an inbound dock and then transferring them across the dock to the outbound transportation dock. |
Cross Trade | International road transport between two different countries performed by a road motor vehicle registered in a third country. A third country is a country other than the country of loading/embarkation and than the country of unloading/disembarkation. |
Dangerous Goods | The classes of dangerous goods carried by Road are those defined by the fifteenth revised edition of the UN Recommendations on the Transport of Dangerous Goods, United Nations, Geneva 2007. They include Class 1: Explosives; Class 2: Gases; Class 3: Flammable Liquids; Class 4: Flammable solids- substances liable to spontaneous combustion; substances which, on contact with water, emit flammable gases; Class 5: Oxidizing substances and organic peroxides; Class 6: Toxic and infectious substances; Class 7: Radioactive material and Class 8: Corrosive substances, Class 9: Miscellaneous dangerous substances and articles. |
Direct Shipment | Direct shipment is a method of delivering goods from the supplier or the product owner to the customer directly. In most cases, the customer orders the goods from the product owner. This delivery scheme reduces transportation and storage costs, but requires additional planning and administration. |
Drayage | A drayage is a form of trucking service that connects the different modes of shipping (intermodal), such as ocean freight or air freight. It’s a short-haul trip that transports goods from one place to another, usually before or after its long-haul shipping process. Drayage trucks move cargo to and from various destinations, such as container ships, storage lots, order fulfillment warehouses, and rail yards. Typically, drayage only transports goods in short distances and operates only in one metropolitan area. It also requires only one trucker in a single shift. But despite this, but it plays an important role in long-haul shipping because it gets the goods to the cargo and vice versa. It makes intermodal transport much more efficient and enables the seamless transfer of goods to the end customer. |
Dry van | A dry van is a type of semi-trailer that's fully enclosed to protect shipments from outside elements. Designed to carry palletized, boxed or loose freight, dry vans aren't temperature-controlled (unlike refrigerated “reefer” units) and can't carry oversized shipments (unlike flatbed trailers). |
Final Demand | Final demand includes all types of commodities (goods as well as services) consumed as final use and might include personal consumption, or consumption by government, by businesses as capital investment, and as exports. includes all types of commodities (goods as well as services) consumed as final use and might include personal consumption, or consumption by government, by businesses as capital investment, and as exports. |
Flatbed Truck | A flatbed truck is a type of truck with rigid design. It has a back body that is flatly shaped for easy loading and unloading of goods. The flatbed truck is mostly used to transport heavy, oversized, wide and indelicate goods such as machinery, building supplies or equipment. Due to the truck open body, the goods transported with it must not be vulnerable to rain. By functionality, the flatbed truck is comparable to a flatbed trailer. |
Inbound Logistics | Inbound logistics is the way materials and other goods are brought into a company. This process includes the steps to order, receive, store, transport and manage incoming supplies. Inbound logistics focuses on the supply part of the supply-demand equation. |
Intermediate Demand | Intermediate demand includes goods, services, and maintenance and repair construction sold to businesses, excluding capital investment. |
International Loaded | Place of loading of goods in reporting country (i.e., country in which the vehicle performing the transport is registered) and place of unloading in a different country. |
International Unloaded | Place of unloading of goods in reporting country (i.e., country in which the vehicle performing the transport is registered) and place of loading in a different country. |
OOG cargo | Out of Gauge (OOG) cargo is any cargo that can not be loaded into six-sided shipping containers simply because it is too large. The term is a very loose classification of all cargo with dimensions beyond the maximum 40HC container dimensions. That is a length beyond 12.05 meters – a width beyond 2.33 meters – or a height beyond 2.59 meters. |
Pallets | Raised platform, intended to facilitate the lifting and stacking of goods. |
Part load | A part load describes goods which only fills a truck partially. In essence, the quantity of the shipment is bigger than the Less Than Truckload (LTL) shipment. Also, the shipment cannot fully occupy a truck i.e. its capacity is much lower than a Full Truckload (FTL) shipment. |
Paved Road | Road surfaced with crushed stone (macadam) with hydrocarbon binder or bituminized agents, with concrete or with cobblestone. |
Reverse Logistics | Reverse logistics comprises of the sector of supply chains that process anything returning inwards through the supply chain or traveling ‘backward’ through the supply chain. |
Road Freight Transport Service | Hiring a trucking agency for transport of commodities (raw materials or manufactured goods including both solids and liquids) form the origin to a destination within the country (domestic) or cross-border (international) constitutes road freight transport market. The service might be Full-Truck-Load or Less than-Truck-Load, containerized or non-containerized, temperature controlled or non temperature controlled, short haul or long haul. |
Tautliner vehicle | Tautliner and curtainsider are used as generic names for curtain sided trucks/trailers. The curtains are permanently fixed to a runner at the top and detachable rails/poles at front and rear, allowing the curtains to be drawn open and forklifts used all along the sides for easy and efficient loading and unloading. When closed for travel, vertical load restraint straps are attached to a rope rail beneath the truck bed, connecting the truck bed and curtain along both sides. Winches at either end of the curtain tension it, hence the 'Tautliner' name. This stops the curtain from flapping or drumming in the wind and can also help retain light loads from slipping sideways. |
Transport for hire or reward | The carriage for remuneration of goods. |
Unpaved Road | Road with a stabilized base not surfaced with crushed stone, hydrocarbon binder or bituminized agents, concrete or cobblestone. |
Research Methodology
Mordor Intelligence follows a four-step methodology in all our reports.
- Step-1: Identify Key Variables: In order to build a robust forecasting methodology, the variables and factors identified in Step-1 are tested against available historical market numbers. Through an iterative process, the variables required for market forecast are set and the model is built on the basis of these variables.
- Step-2: Build a Market Model: Market-size estimations for the forecast years are in nominal terms. Inflation is considered to be a part of the pricing, and the average selling price (ASP) is varying throughout the forecast period for each country
- Step-3: Validate and Finalize: In this important step, all market numbers, variables and analyst calls are validated through an extensive network of primary research experts from the market studied. The respondents are selected across levels and functions to generate a holistic picture of the market studied.
- Step-4: Research Outputs: Syndicated Reports, Custom Consulting Assignments, Databases & Subscription Platforms